With so many scams and get-rich-quick schemes around, is investing and making money in an easy and halal way even possible in Malaysia?
Is it even possible to have a place to invest in Malaysia that is:
– Shariah-compliant
– registered with the Securities Commission of Malaysia (SC)
– require low initial investment (not many people have lots of money to invest)
– easy, no need to learn about stock, read graphs and a variety of ludicrous stock exchange terms
– can be done online without the need to meet agents in person
Actually we found a place to invest that meets all the above.
It is called Wahed Invest.
Wahed Invest Malaysia is a company that has been approved and authorized by the Suruhanjaya Sekuriti Malaysia (SC) to operate in Malaysia as an Islamic digital investment manager!
They are based in the United States and offers shariah-based investment management.
Robo Advisor
They are also the world first shariah compliant robo advisor.
So what is a robo-advisor? If you are a newbie to stock investing, many of the terms used in this industry can be confusing. We may not understand many things about the stock market, Sukuk, compounding and many other jargons. So what the robo-advisor will do take the money you put in and will help you invest the money using digital financial advice, mathematical rules, software or algorithms.
If you are too busy to manage your stocks, this is the way to go. We do not need the high investment skills or spend too much time on our investment by Wahed Invest robo-advisor.
Wahed Invest will make recommendations to us on the suitable investment strategy (after we answer a few questions). However, we can also choose an investment strategy that fits our financial goals (for example: Aggressive or Conservative strategy).
For more info about Robo-advisor, visit this Wikipedia article: https://en.wikipedia.org/wiki/Robo-advisor
Easy to Use via Smartphone
Your account can be accessed via mobile app at any time to check the status of the investment. Anyone who can use Facebook should be able to use this Wahed Invest platform.
Only RM100 to Open An Account
Investment starts at RM100 and there is no lock-in period. You can add and withdraw investments online at any time.
Here’s the step-by-step guide to opening an investment account with the world’s first shariah-compliant robo-advisor. Take 10 minutes to open an account today and get RM40 Sign Up Bonus by following the guide below.
Step 1
Download Wahed Invest to your phone
https://app.wahedinvest.com/referral
Step 2
Create an account, complete all 8 questions, and the Wahed Invest Robo-advisor will suggest a portfolio most suitable for you.
Step 3
After you’ve selected the portfolio you want, complete the registration and verification process.
BONUS: Don’t forget to enter the NORNOR9 reference code to get RM40 bonus.
Step 4
Deposit RM100 (conveniently via FPX/online-banking if you are Malaysian or other payment options available in the app) into your Wahed Invest account.
Some News About Wahed Invest
New York Based Wahed Invest Approved to Operate Malaysia’s First Islamic Robo-Advisor
Wahed Invest Launches in Malaysia – MoneyCompass
Read our detailed guide here
If you need any help with signing up or any question about this investment, just leave us a comment below.